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card/loan to pay debt
Comments
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Scrap the holiday this year, and use the money you would've used on the holiday to pay off your debts. Then you can start saving for your holiday next year, without having to go into debt to do so.naismith84 wrote: »hi Clapton - I don't have the exact details to hand but I know I pay about £15 a month for overdraft and min payment of about £30 for cc.
looking at a bit of extra cash for a holiday to be honest (which I imagine will annoy people)
Use an MBNA money transfer card to pay off ONLY your overdraft, then close the overdraft to prevent you from going back in to it.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
naismith84 wrote: »hi Clapton - I don't have the exact details to hand but I know I pay about £15 a month for overdraft and min payment of about £30 for cc.
looking at a bit of extra cash for a holiday to be honest (which I imagine will annoy people)
First thing you need to do is to address your finances. If you are spending more than you earn then you either need to increase your income or cut you spending.
I agree with the comments above, borrowing more instead of paying off your debts doesn't make sense.
Maybe try the debt board for advice?Remember the saying: if it looks too good to be true it almost certainly is.0 -
I disagree.
Borrowing at 0% with a firm plan in place of paying it back before 0% expires does make sense.
So long as OP obtains some common sense to not go on holiday in their current financial circumstances.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0
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